Former type Holding Company Headquarters Colorado, United States Successor Discovery Communications Ceased operations September 18, 2008 Subsidiaries Ascent Media | Defunct September 18, 2008 Founded 2005 Number of employees 3,800 Parent organization Discovery Communications | |
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Fate Merged operations with Discovery Communications, LLC and Advance/Newhouse Communications Products Holding Company focused on media | ||
Discovery Holding Company was an American company headquartered in Meridian, Colorado. The postal designation of nearby Englewood was commonly listed as the company's location in corporate filings and news accounts.
Contents
The company used to hold a 66-2/3% ownership stake in Discovery Communications, LLC, and operated Ascent Media and AccentHealth, LLC. On September 17, 2008, Discovery Holdings divested its interest in Ascent Media, and reorganized its remaining businesses around a new publicly traded holding company, Discovery Communications, Inc.
Corporate governance
Members of the board of directors of Discovery Holding included: John C. Malone and Robert R. Bennett. Former CEO John C. Malone is also the chairman of Liberty Media Corporation from which Discovery Holding Company was spun off in 2005.
Financials
Source: SEC filings
Holdings
Discovery Holding owned the following subsidiary companies until the corporate restructuring completed on September 17, 2008.
Spin-off and restructuring
On December 13, 2007, Discovery Holdings announced a restructuring plan. The company planned to spin off its interest in Ascent Media, and combine Discovery Communications with Advance/Newhouse Communications into a new holding company [7]. The reorganization was completed on September 17, 2008.